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Home My WebLink About2914 3. To p~ace and con~inuously keep on the bui:dings now or hereafter ~~tuate on said land and on ali equipmcnt ar.d pe~sonally covertd by this ma ege, wdth all premiums Ihc~eon pa d in iutl, firz insurance in the usual srandard poGCy form, in a sum approvcd by the MOR~CaAGEE, a~~d windsto ~nsurar.ce in the usual atanda~d pol;cy fo~m, in a sum approved by the MORTGAGEE, in tuch company or tompanics as the MORTGAGEE m t d~rea; arx! all fire and valnJstorm insura~te policies on any of said build~ngs, sny interest therein or pan thereoF, in Ihe agg~ega~e sum alwesaid ~ in excess thercof, shall conrain the usual standard martgagee ciause or such ofha clauss as the Mortgagee may requ~rs, making Ihe Icss under sa~d po j c~es, each and eve.y, payable to sa~d MORTGAGEE as ~ts intrrest may appear, and each and every such poi~cy shall be promptly au g~ed a~d dativered ti ~ any held by said h10RIGAGEE as further seturity to said mortgage debt, and, not less than te~ (10) days in advance of ?he expirat~on of each polity, to d~ I~ver ~o sald MORiGAGEE a renewal thereof, ~oge~he~ with a rece~pt for ~~e p~amium oi such renewal; and there shall be no f,re or windswnn insuranc placed on any of said buildingf, any interest the~e~n or part Ihe~eoi, unless in the form and wi~h the loss payable as atoresa~d; and in the evenl any sun of money becomes payable under such polity w poGcies said h10RTGAGEE shall have ~be optloo to receive and apply the same on accouM of the indabted ness secwed hereby or ro permit said «10RTGAGORS to reteive and use it or any par~ thercof for osht~r purpasrs, .v;~ho~t th:~~u~ .var+„~9 0~ ~~np~~~ ~ng any equ~ty, I~en or right unde~ or by virtue of this mo:!gagc; snd in the event satd MORTGAGORS shall fw any reason fail to kecp the said premisrs so insured, or fail to deliver promptly any of said policies oi insurance to said MORTGAGEE, or fail promptiy to pay fully any pre~nium therefw w in a~y respect fail ro pe.Form, d~scharge, eaecute, e(Fect, comptete, co:r~ply wirh and abide by this cove~an~, or any part hrreof, aa~d MORTGAGEE may ptace a~~d pay for such insurance or any part thereof withait waiving or affecling any option, lien, equ~ty, o~ right ~nder or by virtue of this Mo~tgage, a~d the f~u amount of each and every such payment shall be ~mmediately due and payable and shall bear iroeres~ irom Ihe date thereof until paid at the rate o1 n~ne {xr centum per annum and to~ether with suth interes? shali be s~~cured by the lien oi this mortgage. 4. To permir, commit w suffe~ no wa:te, impairment or deteraration of said p~operty w any psrt thereof. 5. To pay all and s~ngular the costs, cha~gei and expenses, including a reasonable attoiney's fee and cost• of abstracts of t~tle, incurred w paid at ,~y ttme by sa~d MORTGAG'_E, because a in the event of the faJure oo the part of the said MORTGAGOR to duty, prompdy and fully pe~form, d~scharge. =rec~te, effect, comptete, comply w~th and ab:de by each and every ~he st~pulat~ons, agreements, conditions, and cove~ants of sa~d pranisso~y note and ~his :r.ortgage any or e~+her, and sa!d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not the~e be noi~ce d~ 1 ~,and, attempt to coilect or suit pend~ng; and the (u~l amount of each and every svch payment shall bear interest from the date thereof until paid at the r.•re oj n~ne per cen:um p.:r annu:n; and a!1 said costs, charges and expe~ses incurred or paid, logether w~th suth interest, shall be secured by the lien of this ; mortgage. 6. That (a) in the eve~t of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event a~y of u~d sums of mo~y he.ein referred to be r,ot prompNy and fu~ly paid wi~hin th~rty (30) days next afier the same se~era!ty become due and payabte,'withoul d~mand o~ notice. er (c) in the event each and every the stipulations, agreeme~ts, conditions and covenants of sa~d promissory note and th~s mortgage any o~ either are not ~ iuly, promptly and fully pertormed, d~xharged, executed, effccred, compkted, complied wi~h and ab~ded Sy, then in e~ther or any such event the sa~d ag ~regate sum mentioned in said promissory nore then remaining unpaid, with interesl accrued, and aIl moneys secured hereby, shall become due and pay- a~ie fonhwith, or thereafter, at the optia? of said MORTGAGEE, as fully a~d completely as it all of the said sums of money were originally st~pulated to be pa:d on such day, anything in sa:d promisswy note or in this Mortgage to the tontra~y notwiihstanding; a~d thcreupon oa thereafter at the opt~on of sa:d MORTGAGEE, w~thout notice or demand, suit at law w in equity, Iherefore or thereaiter begun, may be prosecuted as if all moneys secured hereby r..:d maWred pnor to ~ts institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or fo enforce payment of any cia~ms hereunder, said MORTGAGEE shall apply to the Court having jurfsd~d~on thereof for the appo~ntment of s Receiver, such Court shall fcrthwi:h appo~nt a receiver of said mwtgaged property all and singular, includ~ng aIl and s~ngulai the ~ncome, p.of~ts, issues and revenues from whatever s~urce derivzd, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec:fically set forth and described in the granting and h.,oendum dauses hereof, and such Receiver shall have all the broad and effective funU~ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appointment :hat1 be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without re(erence to the adequaq or inadeq~acy of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR w the defendaros, and ?hat such r~~~,rs, prof~ts, inco.ne, issues and revenues shall be applied by such Receiver according to 1he iien or equity of said MORTGAGEE and the practice of such Court. 8_ To duty, promptly and fully perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, _ondi:ions and covenants in sa~d promissory note and th~s mortgage set fonh. 9. That in the event the ow~ership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGpR, the :'~R7GAGE"c, its successors and assigns, may, without notice to the MORTGAOR, deal w~~h such successor o~ successw in interest with reterence to this ^~o~tgege and the d^ut hereby secured in the same manner as with Mortgagor without in any way vitiating o? d~xharging the Mortgagors liability here- ~^der or upon fhe drbt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successws or ass~gns and no exte~sion of the time fw the payme~t of the debt hereby secured given by the MORTGAGEE or its svccessors w assigns, shall operate fo reiease, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part_ ~ . ~ 10_ It is specf~cafly agreed that t~me is of the essence of this contrad and that no waiver of any obl~gat~on hereunder or of the oblgatwn se- cu:ed hereby shali at any time thereafter be held to be a waiver of the terms hereof or ol the instrument secured herby. 11. In ~3d tio~ to the forego:ng monthiy payments of princ"pal and interest required by the p~om:ssory no!e secured hereby, mocigagor covenants = 3•.d agr~es to pay to mortgayee vvith eath monthty pay~nent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the ~~nual cost of the follow- n.,: A-All real property taxrs levied or assessed against the above describ~d real estate. i , 6-Pran;~~~ns on fere and windsto:m insurar.ce as herein requ:red to be carried on the improvemeits situate oh the above described premises. ~ C-P~e~niu~ns o~ such mortgage guaranty insurar~ce as mo:tgagee shall from t;me to time deem fit to carry on the loa~ secured hereby_ i Mortgagee s!~a:l from time to time notify mortgagor in writing of the amou~t due and payable hereundrr and s~ch sum shall thereupon be due and ~ I _,;b!e on the due oate of the next monthiy payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ; ' a,~unf. Svch sums sha~l t;e app!ied by mortgagee toward the payment of real property taxes, insurante prem.ums, and mortgage guaranty insurante ~ ~ :~~emiums_ ` ~ fN Y~lTNESS V'+HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. f E S~gned, Sea~ed and delivered in th resence of: C.~~ " - (sea~ r ff on ~~aq _ 4~ n J ce J fe ~an t~sq STA7E OF FLORIDA ~ ~OU!dTY OF St. Lucie ~ I Before me personally appeared Cleaster Jefferson snd _~QVC@ Jefferson his wife, to me well known and knowe to me to be 1h:_ individuals described in and who executed the foregoing instrument, and acknowiedged before me 1Fwf they executed the same for fh~~yj~oses ..~.:i..:« rhe-ein expressed. And the said JO e Jefferson ~ ' i Cleaster Jefferson ~ ~ `T _ :~:fe of the said - p~oprl`~'stAM•e~'~#xhrsfe e•am~nat~on by me taken separate and apart from her said husband, atknowledged to and befwe me that she executed,sakllnstruntentl~eetr and dolun- ,:-;fy and w~thout any compu(sion, constrai~t, apprehel,~~, or fear of or from her uid husband. - =>•J ~ p V-~j_ WITNESS my hand and official seal this ~f day of Au u5t ' /C D.~9.~_ ~ - ~ . ~ . ' ~ yt /ss • ~ `v • ~ ~ ' N ary Public in a for State"pf~16r N la~e # My Commission expires: ~,.{J~ ..,,..•'•Gt ~ Return To: ~ '~v•• ~ ~ Fint Federel Savin ~ 3 loan Association 23(~B~Q S f`~S'~ Of fort P:erce. v ,,/!r~~~~"",•` Fo!i P~erce, Fbrida i~~ lUC E COUMTY ' ROCER POtTRA~ d~~ ~ REC Rp yEp F~E~ COU~tT ~ This I~strument Prepared By'• Kenneth Foltz ~ ~ First Federal Savings & lo'n Association f~~ of Fort Pierce Florida 33450 ~ Checked By U`~' '~?f.~ ~~~7~~ N , _ ~ ~~z ~ ~s i _ _ - - - ~ . r ,`~-~~n~~ ~ ' ~ , _ ~